All Forum Posts by: Simon Ashbaugh

I'm a new/first-time investor looking to get my first investment property, but I'm having a difficult time deciding between 3 markets. I'm considering Indianapolis (near fountain square), Cincinnati, or Cleveland. If I invest in Cleveland I would only be interested in small multifamily properties, for Indy and Cincy I would be looking to invest in single-family homes which I would turn into STR or MTR. Any info from anyone investing in these markets would be greatly appreciated.

A good agent should be able to connect you with a team. For the market, Cleveland is really good, and If you figure out what areas you want to buy in and don't get caught in analysis paralysis, it can be really strong

2 Votes

Quote from @Remington Lyman:

Reafco is hosting our next quarterly meetup on January 26th! We’re switching up venues. This time we’ll be at Ohio Brewing Company in Milo Grogan from 6-8 PM. Come out and network with various industry professionals, including Ryan Young with CF Bank, Reece Iovine with TPI Property Inspections, Sara Thorp with Landsel Title Agency, Dan Rohrer with Fund That Flip, and Cheryl Morgan with Heart and Home Property Management.

Where: Ohio Brewing Company

421 E 2nd Ave Columbus, Oh 43201

When: Thursday, January 26th, 2023

6-8 PM

We would love to have an accurate headcount, so if you would kindly RSVP at this Eventbrite Link we would really appreciate it! We hope to see you there!

Cant wait! made tons of useful connections last time!

5 Votes

Columbus, Ohio

I personally am looking more at the long term buy hold Here in the city, though, the other options are definitely viable.

1 Vote

Columbus, Ohio

Congrats! Awesome deal

0 Votes

Quote from @Frederick Lee:

Hello everyone, I’m Frederick. I’m based out of Columbus, OH. I am new to real estate. I am very interested in learning so much of creating cash flow with buy and hold rental properties and then once I have a few under my belt, get into commercial properties. Please feel free to say hey, I’m here to learn the best strategies and executions. Great to meet you all 👍🏽

You're local to a great market so id recommend getting an owner occupant 2-4 unit! This will cut your living expenses dramatically and you'll be building equity with an appreciating property.

0 Votes

Columbus, Ohio

Quote from @Chrissi B.:

Hi BiggerPockets! I’m a new investor from SoCal looking to get started with investing out of state.

My chosen strategy is long term buy and hold focusing on cash flow and I am looking for:

- $100k or less purchase price
- Single family home
- Minimal/cosmetic repairs
- At least $200 in monthly cash flow

I am considering Columbus, Cincinnati or Indianapolis. Is what I’m looking for realistic for these markets? Are there other markets I should consider?

I’m also looking for agents in these areas — if you are one, or know somebody, please reach out. My intention is to make offers before the end of the year.

at 100k I doubt you'll find anything in Columbus, but you could find something in Cleveland and it will most likely cashflow more than 200/month

2 Votes

Quote from @Johnnie Schneider:

Hey there, my partner and I are looking to get our first rental property together in 2023. Just wanted to come on here and see what everyones favorite or best cash flow market is currently or moving into this new year. Our budget were looking to stay under is about 120k. Thanks !

Hey Johnnie, Dave Meyer wrote a good article about this. https://www.biggerpockets.com/... As stated in there, Detroit MI, Shreveport LA, and Cleveland OH stand in the top three. I work a lot in Cleveland and can say that at 120k you can find a lot of duplexes that will cashflow.

0 Votes

Its definitely harder to make money building but that doesn't mean it cant be done. It kind of depends on your long term goals too.

0 Votes

Oklahoma City, Oklahoma

I would only wait until you find a good deal. There's no reason to pass up good deals that will make you money just to wait for another good deal in a year..

1 Vote

Tampa, Florida

All Forum Posts by: Simon Ashbaugh

Simon Ashbaugh has started 0 posts and replied 839 times.

Post: New Investor Getting It Right

Post: Indianapolis vs Cincinnati vs Cleveland - First time investor

Post: Reafco Quarterly Networking Event

Post: Investment Strategies for Intel's $20b Chip Factory in Columbus

Post: 12 units purchased in June 2022

Post: Real estate Investor

Post: Out of state investor looking to get started (OH or IN)

Post: Best cash flow cities for 2023

Post: In today's market, is it better to build vs buy?

Post: 400k to invest.. Experienced investors say WAIT?